VIENNA, Va.,Aug. 12, 2011 /PRNewswire-USNewswire/ --Navy Federal Credit Union is delighted to announce that for a limited time only, we will pay up to $2,500 towards member's closing costs when purchasing or refinancing a home.

"The wonderful thing about this promotion is it can be used towards a member's closing costs or as credit for the fees that are paid outside of closing costs like the appraisal fee or a credit report," said Barbara Sheehan, assistant vice president, Mortgage Products. "Because Navy Federal is enjoying another excellent year, we can offer our members great rates and incentives."

Navy Federal offers many great mortgage options for members – such as competitive rates, 100% financing and the rate match program where if members find a better rate Navy Federal will match it. Plus, a First-time Homebuyers Package, which includes personalized guidance every step of the way. For more information, contact Navy Federal at 1-888-842-6328, visit us online www.navyfederal.org or at one of our 216 branch offices.

About Navy Federal Credit Union

Navy Federal Credit Union is the world's largest credit union with $46 billion in assets, 3.7 million members, 216 branch offices, and more than 8,000 employees worldwide. The credit union serves all Department of Defense military and civilian personnel and their families. For additional information about Navy Federal, visit www.navyfederal.org.